COSTAMP GROUP INVESTOR PRESENTATION. COSTAMP GROUP.pdf · COSTAMP GROUP INVESTOR PRESENTATION COSTAMP GROUP Via Verdi, 6 - 23844 Sirone (LC) T +39 031 875195 CONTACTS 19 IR TOP CONSULTING

COSTAMP GROUP INVESTOR PRESENTATION

1968 │ 2018


IR TOP LUGANO SMALL & MID CAP INVESTOR DAY, SEPTEMBER 21st 2018

COSTAMP GROUP INVESTOR PRESENTATION 2

Foundation

Purchase of the first CNC machines

1968

1982

1994

1999

2003

2004

2011

2013

2014

2015

2016

2017

First automotive mold – Steering Housing

Transfer to the new buildings of Sirone (LC)

First press installation, for the sampling department

Acquisition of 49% of PAMA Srl

Certifications ISO/TS 16949

Opening and launch of the new plant in Rivalta

(TO), for plastic injection molds.

New expansion of the Sirone plant: roughing & drilling

Launch of the new dedicated warehouse for finished parts

Acquisition of PiQ2, which develops

simulation softwares.

Horizon 2020 Award and Reverse Takeover

with Modelleria Brambilla

2018 & Coming soon Takeover bid, Accelerated Bookbuilding and

Environmental certification 14001

Milestones


HPDC DIES

(64% 2017 revenues)

Alloy Aluminum

Magnesium

Market Automotive (95% of 2017 revenues) / lighting / heating / industrial appliances

Main

application Structural parts

Powertrain

Machines

Used by customers

LPDC & GRAVITY DIES

(28% 2017 revenues)

PLASTIC DIES

(8% 2017 revenues)

Plastic

Business Units

Aluminum

Cast iron

Powertrain

Structural parts

Bumpers

Door Panels

3

Costamp Group is the global leader in the engineering,

production and trade of dies for die casting

Business Unit

Injection machines from 160 tons

up to 3000 tons

HPDC machines from 500 tons up

to 4500 tons Pouring machines


65%

17%

5%

4%

3% 3%

3%

Production

Design

Quality

Logistics

Administration

Purchase

Sales

International Presence

4

Production and Sales Office: • Mumbai (India): Sales Office • Bhiwadi (India): Production and Sales Office

Sales Office: • Aichi–ken (Japan)

Sales Office: • Teheran (Iran)

Sales Office: • Shanghai (China)

Sales Office: • Sao Paulo (Brazil)

After Sales Support: • Queretaro (Mexico)

After Sales Support: • Auburn Hills (USA)

EMPLOYEES BREAKDOWN BY COMPETENCES Personnel #

Sirone HQ 176

Turin facility 32

Pama 21

PiQ2 5

Correggio 63

San Giovanni in Persiceto 14

Total 311


Costamp Group – Total Revenues over the years (in k €)

8.500

11.80012.500 10.400

14.700

17.200

14.800

17.700

25.800

21.800

31.900

36.700

40.615

*58.700

10.000

20.000

30.000

40.000

50.000

60.000

0

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

CAGR ’10-’17: +18,76%

*2016 and 2017 data are pro-forma consolidated

*58.964


Main competitors in EU die-casting mould manufacturers

Aluminum large dies Manufacturers Country 2012

Turnover (€M)

2016 Turnover

(€M) % ∆

EXCO Technologies Ltd.(2) CAN 116 126 9%

Costamp Group SpA(1) IT 23 59 157%

Meco Eckel GmbH(3) D 66 49 -26%

Schaufler D 21 48 129%

Aurrenak E 24 26 8%

Heck & Becker GmbH (4) D 22 25* 14%

Delaware Dynamics (4) USA 15 20* 33%

SAPP Spa IT 13 19 46%

Vetimec Soc. Coop. IT 14 19 36%

SCS Rodegari IT 7 10 43%

SCM Zanussi Srl IT 10 9 -10%

CO.ME.ST. Srl IT 3 6 100%

(1) Pro-forma consolidated 2016

(2) Casting and Extrusion Division only

(3) LPDC sold in 2016

(4) 2015


Value Chain

7

TURN-KEY SERVICE

A) PROJECT

MANAGEMENT B) DESIGN

D) TRY-OUTS/SMALL

PRODUCTIONS C) HPDC/LPDC DIES

1. Equipment

manufacturing;

2. Consultancy service

from A to Z.

1. Part co-design;

2. Die design;

3. Simulation work (PIQ2).

1. Complete dies;

2. Complete sets of casting

inserts;

3. Maintenance &

Refurbishment.

1. Samplings: Costamp

Group is equipped with

an internal foundry

department in the Sirone

plant;

2. Dimensional and

metallurgical controls;

3. Complete set-up

process;

4. Process development;

5. Production of small

batches & special series;

6. Post-sales

service/support.


High Pressure Die Casting (HPDC): Applications Powertrain

8

Cylinder Head Cover Flange Housing

Gearbox housing

Clutch Housing

Cylinder blocks

Steering housing


High Pressure Die Casting (HPDC): Applications_Structural Parts

9

Shock Towers

Front Crossbeam

Bearing Flange

Instrument Panels

Window Frames


High Pressure Die Casting (HPDC): Trucks

10

Cover Cooling Duct

TransmissionHousing

Ladderframe

Flywheel Housing

Oil Pan


Low Pressure Die Casting (LPDC) / Gravity: products and applications

11

Products

Applications

Cylinder Head

Cover

Engine Blocks

( Various

configurations )

Gearbox

Housing Exhaust

Manifold


Lamborghini Huracan – Rear Grille

Case History

12


Main Customers

58% of revenues is generated by the first 10 Clients, in line with market concentration

High level of Client loyalty


HORIZON 2020: Puzzle_Die

14

Costamp has been awarded the Horizon 2020 from the European

Commission for the «puzzle die» project.

Objective Costamp, thanks to FEM/CFD simulation suppliers, had been able to

implement a new design and construction technique that allowed to build

tools in a way to make them last longer than ever before.

The need to get FEM results in a shorter time, gave Costamp the idea to start

the development of a brand new software, based on an “easy-to-use”

configuration and with the hope to be possibly having a disruptive impact on

the HPDC market.


PUZZLE DIE: Official Endorsement By Premium OEM

For The Horizon 2020 Funding Program

BMW AG Daimler AG Jaguar Land Rover

15


Regulations in Europe force OEMs

to significantly reduce CO2 emissions

In 2025 penalties of € 12,350 per car if

the car sold overcomes the average of

75 gr CO2 emissions per km

16

Source: McKinsey

ALUMINUM: best balance between

weight reduction vs steel (-40%) and

additional cost involved (+30%)

Source: McKinsey + ITF


Growth Strategy

17

Development of cross-selling on low pressure, coming from Modelleria Brambilla, exploiting Costamp network and the strong demand for high performance aluminum components in the electric market.

New organization of the group workflow through “make or buy” concept, in order to

develop a higher turnover, focusing only on the most critical processes and outsourcing processes with lower added value.

Creation of a new premium line on HPDC, thanks to the proprietary Puzzle Die

technology.

Development of partnerships with OEM and Tier 1 on specific innovative projects: low-pression forging, forged safety parts, aluminum wheel rims in mass production, aluminum chassis, structural parts in magnesium, each as a unique partner of an

international leading Tier 1.

International expansion through a “glocal” approach with a direct and well established

presence in the countries where OEM and Tier 1 operate: Germany, USA, Mexico (today's market), China and India (tomorrow's market).


Income Statement & Balance Sheet

18

Euro (/mln)

2017 Consolidated Pro Forma

Value of Production 59.0

EBITDA 4.6

EBITDA % 7.8%

EBIT 1.7

EBIT % 2.8%

Net Profit 0.4

Net Profit % 0.6%

Euro (/mln)

2017 Consolidated Pro Forma

Net Working Capital (NWC) 9.4

Fixed net assets 50.5

Other funds and provisions (6.3)

Net Capital Employed 53.6

Equity 26.7

Net Financial Position (Cash) 26.9

Sources 53.6

Order Backlog (as of March 31st 2018): € 55 mln

Order Backlog (as of March 31st 2017): € 32 mln

VS. +71.9%


COSTAMP GROUP Via Verdi, 6 - 23844 Sirone (LC)

T +39 031 875195

CONTACTS

19

IR TOP CONSULTING

Equity Research & Investor Relations Maria Antonietta Pireddu

Via C. Cantù, 1 - 20123 Milano

T +39 02 45473883/4

[email protected]

INVEST ITALY SIM

Corporate Broker Via San Clemente, 1 – 20122 Milano (MI)

T +39 02 84924277

[email protected]

BANCA INTERMOBILIARE DI INVESTIMENTI E GESTIONI NomAd

Via Meravigli, 4 - 20123 Milano (MI)

T +39 02 99968111

[email protected]

INVEST BANCA

Specialist Via Luigi Cherubini, 99 – 50053 Empoli (FI)

T +39 05 715331301

[email protected]

COSTAMP GROUP INVESTOR PRESENTATION. COSTAMP GROUP.pdf · COSTAMP GROUP INVESTOR PRESENTATION COSTAMP GROUP Via Verdi, 6 - 23844 Sirone (LC) T +39 031 875195 CONTACTS 19 IR TOP CONSULTING

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